File:Inventory-lores.jpg

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Businessmen were taxed on their inventory when the first federal income tax was established in 1862. Internal Revenue Assessment List for Pennsylvania, Division 12, Collection District 1, September 1864, NARA microfilm M787.

(Businessmen were taxed on their inventory when the first federal income tax was established in 1862. Internal Revenue Assessment List for Pennsylvania, Division 12, Collection District 1, September 1864, NARA microfilm M787.)